Oil Market Commentaries

1 Jul 2024
Crude and product futures were higher Monday on signs of firmer oil demand, outweighing reports of higher Russian exports...
1 Jul 2024
Middle East crude markets opened the new month higher as Dubai consolidated at the top end of the two-month trading range, while middle...
28 Jun 2024
Crude and product futures were higher Friday, narrowly recording a third straight week of gains...
28 Jun 2024
Benchmark Dubai closed out June at fresh two-month highs on broader risk-on sentiment, a move that dragged refined product flat prices...
27 Jun 2024
Crude futures rebounded Thursday on rising geopolitical tensions and improved optimism..
27 Jun 2024
East of Suez crude prices Thursday edged higher as the monthly trading cycle heads into expiry, while gasoil margins firmed to their highest...
26 Jun 2024
Crude futures eased Wednesday as the EIA's weekly report revealed builds in US crude, gasoline and jet fuel...
26 Jun 2024
East of Suez crude prices Wednesday were lower, tracking the Brent losses in the previous 24 hours, a move that was enough to push middle...
25 Jun 2024
Crude futures slipped Tuesday but remained close to recent highs as geopolitical tensions weighed up against returning...
25 Jun 2024
Middle East oil crude markets were higher as benchmark Dubai moved above $85/b for the first time since late May, while distillate margins...
24 Jun 2024
Brent crude futures held at around two-month highs Monday, while LSGO cracks softened on signs...
24 Jun 2024
Middle East oil crude markets opened the week marginally lower as priced eased back from Friday's monthly highs, while contango...
21 Jun 2024
Crude futures inched higher Friday to consolidate recent gains and close higher for the second straight week...
21 Jun 2024
Benchmark Dubai posted fresh seven-week highs Friday, following the broader oil momentum, while repeated strikes on Russia refining...
20 Jun 2024
Crude and product prices slipped Thursday, but held near recent highs, after a broadly bullish US stock report...
20 Jun 2024
Benchmark Dubai posted fresh seven-week highs on Thursday following the broader oil momentum, with gasoil margins firming to a fresh...
19 Jun 2024
Crude shrugged off a bearish API stock report to consolidate recent gains Wednesday...
19 Jun 2024
East of Suez crude prices maintained the solid upward trend Wednesday but benchmark Dubai continued to struggle in relation to Brent...
18 Jun 2024
Brent crude futures were trading above $85/b Tuesday for the first time since late April on growing expectations...
18 Jun 2024
East of Suez crude markets opened the shortened trading week higher, while jet fuel east-west price arb reached the widest...
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